Reimagined Metrocenter Area Gets Boys & Girls Club and New K-8 Grade School

inbusinessPHX.com

Boys & Girls Clubs of the Valley and Vista College Preparatory are investing in youth in the reimagined community surrounding Metrocenter mall with a new grade school (K-8) campus and Club. The organizations are completing an adaptive reuse of a 64,000-square-foot commercial building at 21st and Peoria avenues in preparation for the opening in August. “The Metrocenter … [More]

The Housing Market Is as Competitive as Ever Despite 53% Rise in Mortgage Costs

inbusinessPHX.com

The housing market is as competitive as ever, according to the latest Zillow® Real Estate Market Report.i Buyer demand has been strong enough to keep the market moving at a record pace, even after a massive spike in mortgage rates. Year-over-year home value growth set a record for the 13th consecutive month in April. The typical U.S. home is worth … [More]

Honeywell’s Flight Management System Selected by Airbus

inbusinessPHX.com

Honeywell's Flight Management System (FMS) has been selected by Airbus to meet the air traffic management needs of the future A320, A330 and A350 aircraft. With the new FMS, airline customers will achieve best-in-class operational efficiency, reliability, and safety. Additionally, the new FMS also incorporates connectivity with the outside world, including Electronic Flight … [More]

SRP is First to Receive Battery Electric Truck

inbusinessPHX.com

SRP recently received a Kenworth K270E battery electric vehicle, a first-of-its-kind electric truck. “SRP has a major focus on sustainability and remains steadfast in its objectives to improve EV adoption inside and outside our organization,” said Brendan King, manager of SRP’s transportation services engineering operations. “Our goals associated with using Kenworth’s new … [More]

Local Restaurant Owner Shares How He Competes in Tight Labor Market

inbusinessPHX.com

The labor market right now is tight, particularly in the hospitality industry, and it’s tough to attract talent. But unlike most other smaller restaurateurs, the CEO of Ling’s Wok Shop and Ling and Louie’s Asian Bar and Grill plans to grow with a multi-pronged strategy based on giving back to the community. This will include traditional recruitment, opportunities for growth and … [More]

States with the Highest Job Resignation Rates, Arizona Is #3

inbusinessPHX.com

With Americans quitting their jobs at record rates during the so-called “Great Resignation,” WalletHub  released its report on 2022’s States With the Highest Job Resignation Rates, along with accompanying videos and expert commentary. WalletHub ranked the 50 states and the District of Columbia based on how frequently people are leaving their places of employment. Below, you … [More]

ASU Research Park Announces Viasat South Campus Expansion

inbusinessPHX.com

Arizona State University Research Park, Inc. announced that Viasat Inc., a leading global communications company, is expanding its current footprint at the 324-acre ASU Research Park to accommodate the company’s future growth projections. Viasat, a global communications company that provides high-speed satellite broadband services and secure networking systems, employs more … [More]

Bank Devoted to Helping Small Business Obtains State of Arizona Conditional Approval

inbusinessPHX.com

Integro Bank (In Organization) announced that it obtained conditional approval from the State of Arizona Department of Insurance and Financial Services to open a new bank devoted to helping small businesses. Among the conditions for opening the bank is a requirement to raise a minimum of $27.9 million in capital and for the bank to obtain regulatory approval from the Federal … [More]

Universal Technical Institute Opening Its Campuses to High School Juniors Interested in Automotive Technician Training

inbusinessPHX.com

As part of its ongoing effort to address workforce need for skilled transportation technicians, Universal Technical Institute is bringing its three-week Ignite program back to full capacity at its UTI campuses nationwide this summer. The program, which is free to high school juniors, offers students an introduction to the training they'll need to prepare to enter the workforce … [More]

Arizona Wheel Co. Partners to Create a New Reality for the Wheelchair Industry

inbusinessPHX.com

Vapor Wheels, a brand-new wheelchair wheel company based in Arizona has officially announced the launch of its first OEM partnership with 360 Fabrications,a growing wheelchair company located in the UK that specializes in building active day chairs, basketball chairs, tennis chairs and fencing chairs. Arizona is home to several fast-growing technology industries, and much like … [More]

Black Rock Coffee Bar Continues to Expand Arizona Footprint

inbusinessPHX.com

Black Rock Coffee Bar continues to expand its footprint in the state of Arizona with the opening of its fifth store in Mesa and 27th in the state. Black Rock has launched three stores in Arizona this year and 12 in Arizona since the beginning of 2021. Opening on May 20th, the 2,000-square-foot store is located at 5247 South Ellsworth Road between E. Prairie Ave and E. … [More]

Phoenix-Based Property Tech Co. Raises Additional $50M to Accelerate Growth

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Stoa USA Inc., the company that launched the FlipOS platform for professional single-family home investors, announced it raised an additional $50 million equity round to finance expansion of its property technology. The funding from Zeev Ventures allows FlipOS to accelerate its mission to close the housing gap in the U.S. The team plans to partner with more real estate … [More]

Goodwill Hiring Spree Event Is May 20

inbusinessPHX.com

If you love shopping at your neighborhood Goodwill, you will love working there too. Goodwill is hiring for a variety of positions including retail entry-level, management, warehouse and transportation. Job seekers can apply at any Goodwill retail location on Friday, May 20 from 9 a.m. to 3 p.m.  Bring plenty of copies of your resume, dress professionally and have a positive … [More]

Meritage Homes Introduces Affordable New Communities in Greater Phoenix

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Meritage Homes, the seventh-largest public homebuilder in the U.S., has announced the expansion of its footprint with two new, affordable communities in Laveen Village and Avondale. These new communities offer a variety of single-family floorplans with a unique design approach and streamlined buying process. Now open for in-person tours, Element on Euclid and Verde Trails … [More]

Phoenix Office Construction Downshifts

by Adriana Marinescu

The Phoenix office market witnessed both highs and lows in the first quarter of 2022, according to CommercialEdge. Office construction slowed down across the metro in Q1, as only 1 million square feet of office space was underway as of March, an amount representing 0.8 percent of stock; the national pipeline had reached 2.2 percent. In the same period, completions accounted for … [More]

Park Central Continues Growth With New On-Site Life Sciences Hub

Rick McCartney

A life sciences boom is underway in midtown Phoenix, making healthcare and bioscience among the fastest-growing industries in the greater Phoenix marketplace — and Park Central is at the heart of it, with plans for a new life sciences hub on site. The project’s development team has created an exciting conceptual design for an 80,000-square-foot life sciences facility in the … [More]

Arizona Energy Providers and State Universities Join Forces to Pursue a Carbon-Neutral Economy

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As we reported last week, four Arizona energy providers and the state’s three public universities are forming a new, interdisciplinary coalition with the goal of attaining a carbon neutral economy in Arizona. Faced with the complexity of reducing carbon dioxide (CO2) emissions across economic sectors, and the urgency to respond to the climate crisis, this coalition will combine … [More]

Staffing Service Streamlines Hiring Process for Remote Work Companies

inbusinessPHX.com

Two years ago the sudden onset of the pandemic forced over 70% of American workers to transition to remote work. However, with a regained sense of normalcy, employers are finding it not so simple to return to the office with rising business costs at the forefront of the battle. As we head into the post-pandemic future, Scottsdale-based company, Remote Raven, recently announced … [More]

Greater Phoenix Chamber Names 2022 Impact Award Honorees

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Concord General Contracting, Jennings, Strouss & Salmon, PLC and Blue Cross Blue Shield of Arizona have been named the small, mid-size and large Businesses of the Year by the Greater Phoenix Chamber during the Annual IMPACT Awards held Friday, May 13th. This year marks the 35th anniversary of the prestigious awards program. Small Business of the Year: Concord General … [More]

Financial Literacy App Raises $5.2M to Launch Gamified Banking Platform for Kids and Teens

inbusinessPHX.com

Serial entrepreneurs Scott Donnell and Travis Adams have raised a $5.2 million seed round led by Altrus Capital and a pool of private investors to launch the GravyStack financial literacy app. Key investors include Chad Willardson, Mark Timm, Gino Wickman, Jim Kwik, Kate Wells, Loral Langemeier, and David Meltzer. GravyStack will launch in mid-2022 with a … [More]

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